All posts in "GST"
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GST rollout uncertainty hits Budget 2017 calculations

7 months ago

GST rollout uncertainty hits Budget 2017 calculations NEW DELHI: Uncertainty over the date of the goods and sevices tax (GST) rollout is posing a dilemma for finance mandarins as they finalise this year’s budget. The original expectation was that the budget would not touch upon excise duties and service tax as they would be rolled […]

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PAN must for excise,service taxpayers for GST registration

7 months ago

PAN must for excise, service taxpayers for GST registration – NEW DELHI: The tax department has made it mandatory for central excise duty and service taxpayers to obtain a valid PAN number before they can be migrated to the new goods and services tax  set-up. Despite the political impasse putting a question mark on the […]

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How is the Value of Goods & Services Determined under GST?

8 months ago

How is the Value of Goods & Services Determined under GST? The value of all the goods and services consumed in an economy is arrived at based on certain metrics. In the current tax regime in India, this value is calculated in different ways. An overview provides in the table below: Tax Value of goods/services Excise […]

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GST– What you Need to Know as a Trader

8 months ago

As we gear up for the final move – to GST – it becomes important for all of us to be prepared. Moving to GST is inevitable – whether you are a manufacturer, a trader or a service provider. As a trader, today you are liable for registration under State VAT, if your turnover exceeds […]

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Returns Under GST, Returns Under Goods and Service Tax

10 months ago

Returns Under GST, Returns Under Goods and Service Tax, GST Return. Draft Report on Returns under GST, GST is a self-assessed destination based taxation system. The submission and processing of return is an important link between the taxpayer and tax administration. This document lists out the salient aspects of the process related to filing of Returns […]

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Impact of GST on Indian Businesses

10 months ago

GST bill will transform all realms of business and extend well beyond tax. GST will be a game changing reform for the Indian economy by creating a common Indian market and reducing the cascading effect of tax on the cost of goods and services. It will impact the tax structure, tax incidence, tax computation, tax […]

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Salient features of GST

10 months ago

GST is an integrated scheme of taxation that does not discriminate between goods and services and is a part of the proposed tax reforms that centre on evolving an efficient and harmonized consumption tax system in the country as Central GST and State GST. Two components – one levied by the Centre (hereinafter referred to […]

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Understanding Goods and Services Tax

10 months ago

1. Basic understanding GST provision Section 43C regarding collection of tax at source Today’s update covers the subject which has created the most hype since the draft GST Model law was released on June 14, 2016. For basic understanding GST provision section 43C of draft GST Law which provides for collection of tax at source, it […]

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Tally.ERP 9 Release 5.4 – Extra Features

10 months ago

Tally.ERP 9 Release 5.4.3 offers you a wide range of product enhancements aimed to make business management far easier and simpler for you. The extra Tally ERP 9 Features of the latest release are the following: Powerful and simplified statutory functionality brings to you the best solution to manage your taxation in the simplest and most […]

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GOODS AND SERVICE TAX BILL :- CONSTITUTIONAL AMENDMENT

10 months ago

From 1 April 2017, Nothing will be hidden, Yes we are talking about the application of GST bill ( Good and Service tax bill ) according to which a customer will know exactly what amount of tax they are paying on the product or services they purchase or consume. What is GST? GST Bill is […]

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